Lande Brønnboring AS
Bankruptcy registered 13 March 2025 in the Central Coordinating Register. Bankruptcies
Accounts for 2025 are missing. The deadline was 31 July 2026. The Brønnøysund Register Centre does not publish when accounts arrived, only the latest year filed.
Score · fiscal year 2023
Not enough data: Bankrupt or being wound up
Based on the annual accounts for 2023
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 3 MNOK | 3 MNOK |
| Operating margin | 7.0% | 4.0% |
| Profit margin | 5.7% | 3.3% |
| Return on assets | 16.5% | 7.9% |
| Equity ratio | −60.6% | 34.1% |
| Debt-to-equity | – | 1.45 |
| Current ratio | 0.63 | 1.43 |
| Revenue growth | −28.6% | 7.4% |
The median and “ahead of” refer to companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
What the numbers say
Lande Brønnboring AS had an equity ratio of −60.6% in 2023. The company is not ranked: bankrupt or being wound up.
From 2022 to 2023: went from a loss to a profit before tax and the operating margin rose from −4.2% to 7.0%.
Lande Brønnboring AS did about the same as the sector in 2021, the sector's weakest year.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 2 MNOK and 2 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 2 MNOK |
| EV/EBIT | 8.0 | 2 MNOK |
| P/B | 1.0 | not meaningful |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −60.6% (median 34.1%).
- watch
Consider strengthening liquidity: current liabilities are 1.6 times current assets.
Based on: Current ratio 0.63 (median 1.43).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.9% of the debt in 2023. The policy rate averaged 3.54 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
- critical Negative equity
Scenario analysis: the sector's weakest year
The operating margin was 5.9% in 2021 (sector median 1.8%), and the equity ratio −85.0%. In the other years the operating margin averaged 1.4%.
The sector's weakest year was 2021, with a median operating margin of 1.8%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
Questions and answers
How profitable is Lande Brønnboring AS?
The operating margin was 7.0% in 2023, against a median of 4.0% among companies in the same sector. Return on assets was 16.5%.
How solid is Lande Brønnboring AS?
The equity ratio was −60.6% in 2023 (median 34.1%). Equity is negative, so liabilities exceed assets.
What is the liquidity of Lande Brønnboring AS like?
The current ratio was 0.63 in 2023 (median 1.43). Current assets did not cover current liabilities.
From the Central Coordinating Register
- Org. no.
- 897157152
- Legal form
- AS
- Sector
- Bygg og anlegg (42.210)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 11 July 2011 15 years in operation
- Share capital
- 0.50 MNOK
- Business address
- Olav Kyrres vei 20, 3961 STATHELLE (BAMBLE)
- Municipality
- Bamble rank 21–34 of 38 in KOSTRA group 7
- Audit
- Audit opted out from 20 July 2011
- Latest accounts filed
- 2023
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
- Chief executive
- Vidar Lande
- Chair of the board
- Vidar Lande
- Deputy member
- Anne Karen Martinsen Lande
Source: Central Coordinating Register, fetched 27 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 26 October 2026.
Year by year · 2021–2023
| Key figure | 2021 | 2022 | 2023 | Trend |
|---|---|---|---|---|
| Index | – | – | – | |
| Rank | – | – | – | |
| Operating margin | 5.9% | −4.2% | 7.0% | |
| Return on assets | 29.8% | −11.6% | 16.5% | |
| Equity ratio | −85.0% | −62.0% | −60.6% | |
| Current ratio | 0.34 | 0.66 | 0.63 | |
| Revenue growth | – | −2.7% | −28.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2021 | 2022 | 2023 |
|---|---|---|---|
| Operating revenue | 4.1 MNOK | 4.0 MNOK | 2.9 MNOK |
| Operating profit | 0.2 MNOK | −0.2 MNOK | 0.2 MNOK |
| Profit before tax | 0.1 MNOK | −0.2 MNOK | 0.2 MNOK |
| Net profit | 0.1 MNOK | −0.2 MNOK | 0.2 MNOK |
| Financial expenses | 0.1 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.8 MNOK | 1.4 MNOK | 1.2 MNOK |
| Current assets | 0.3 MNOK | 1.2 MNOK | 1.1 MNOK |
| Equity | −0.7 MNOK | −0.9 MNOK | −0.7 MNOK |
| Retained earnings | −1.2 MNOK | −1.4 MNOK | −1.2 MNOK |
| Total liabilities | 1.5 MNOK | 2.3 MNOK | 1.9 MNOK |
| Current liabilities | 0.9 MNOK | 1.9 MNOK | 1.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5440449.